Rexnord acquires Micro Precision
US-based multiplatform industrial leader Rexnord (NYSE: RXN) has acquired the assets of Micro Precision Gear Technology Limited, a UK-based manufacturer of specialty precision gears for the aerospace industry. BCMS advised the shareholders of Micro Precision on the transaction, which completed in 2013.
Micro Precision manufactures specialty precision gears and shafts, as well as core packs, for the civil aerospace industry and other end markets. Its products are used for actuation, flight control, and power generation applications on wide-and-narrow body aircraft throughout the world.
“Micro-Precision’s deep technical capability has allowed them to build strong partnerships with key customers on growth aerospace programs,” said Darryl Mayhorn, President, Rexnord Aerospace. “The combination of the two companies provides the ability to bring additional content to our existing aerospace customers, while building on Micro-Precision’s customer relationships. Together we offer an expanded portfolio of mission-critical, highly efficient aerospace components, sub-assemblies and services.”
Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, and employs approximately 8,000 staff worldwide.